Morningstar ratings are based on the representative share class of this fund and are dated to the last month-end upon availability from Morningstar.
The Company’s objective is to provide long-term growth in income and capital, principally by investment in equities listed on the London Stock Exchange. The Board continues to recognise the importance of dividend income to shareholders.
The value of an investment and the income from it can fall as well as rise as a result of market and currency fluctuations and you may not get back the amount originally invested.
Potential investors must read the latest annual report and where relevant, the key investor information document before investing.
This website is for promotional purposes and does not qualify as an investment recommendation.
ABOUT THIS TRUST
Invests mainly in UK equities with a bias towards large, multinational companies
A conservative management style that prioritises sustainable income and long-term capital growth
Provides UK investors with exposure to global growth through the portfolio’s overseas revenues
What is The City of London Investment Trust's investment objective?
The City of London Investment Trust aims, to provide long term growth in income and capital, principally by investment in UK equities, with a bias towards large, multinational companies. The Board continues to recognise the importance of dividend income to shareholders. The trust provides UK investors with exposure to global growth through the portfolio’s overseas revenues. It has a conservative management style that prioritises sustainable income and long-term capital growth.
When was The City of London Investment Trust incorporated?
The Company was formed in 1860 to acquire Calverts, a family brewing business in the City of London. It registered as a limited company on 26 September 1891. Since 1932, it has been investing in securities according to investment trust principles and is one of the UK’s oldest investment trusts.
Who is the fund manager of The City of London Investment Trust?
The fund manager is Job Curtis, Director, Global Equity Income. He joined the asset management industry in 1983 and has been with Janus Henderson since 1987. Job has managed the trust since 1991.
What is The City of London Investment Trust's benchmark?
The trust's investment benchmark is the FTSE All Share Index. The trust’s Net Asset Value and share price total returns have outperformed the Benchmark over 10 years.
 Source: Janus Henderson, The City of London Investment Trust Fact Sheet, 31st December2020.
What is The City of London Investment Trust's sector?
The Association of Investment Companies (AIC) classifies trusts into sectors as a way of grouping companies with common characteristics. The classifications are based on a combination of the trust's regional or industry focus, and its investment objective. The City of London Investment Trust is classified within the ‘UK Equity Income' sector.
How big is The City of London Investment Trust?
As at 31st December 2020, the trust had total assets of over £1.64B under management.
 Source: Janus Henderson, The City of London Investment Trust Fact Sheet, 31st December 2020
When does The City of London Investment Trust make dividend payments?
Proposed dividend payment date(s): February, May, August and November.
What are AIC Dividend Heroes?
Each year, the Association of Investment Companies (AIC) publishes its list of 'Dividend Heroes', the investment companies which have increased their dividends for 20 or more years consecutively. There are currently 20 Dividend Hero investment companies. The City of London Investment Trust has increased its dividends for 54 consecutive years.
Has The City of London Investment Trust been independently rated by a third party?
The trust has received an overall rating of ★★★★ by Morningstar. The trust's analyst rating is Gold.
What is the annual management fee of The City of London Investment Trust?
Job Curtis, Fund Manager of The City of London Investment Trust, discusses the latest portfolio activity; along with the best and worst performers within the Trusts portfolio. Job also discusses the latest events impacting the UK market, how the Trust is positioned as a result and how the Trust has performed over the last quarter.
Job Curtis, Fund Manager for The City of London Investment Trust, delivers his monthly commentary on how the Trust performed in December, portfolio activity and his thoughts on wider economic and political developments.
Job Curtis, Fund Manager for The City of London Investment Trust, delivers his monthly commentary on how the Trust performed in November, portfolio activity and his thoughts on wider economic and political developments.
The value of the Funds and the income from them is not guaranteed and may fall as well as rise. You may get back less than
you originally invested.
Past performance is not a guide to future performance.
Third party data is believed to be reliable, but its completeness and accuracy is not guaranteed.
If a trust's portfolio is concentrated towards a particular country or geographical region, the investment carries greater risk than a portfolio diversified across more countries.
Where the trust invests in assets which are denominated in currencies other than the base currency then currency exchange rate movements may cause the value of investments to fall as well as rise.
This trust is suitable to be used as one component in several in a diversified investment portfolio. Investors should consider carefully the proportion of their portfolio invested into this trust.
Active management techniques that have worked well in normal market conditions could prove ineffective or detrimental at other times.
The trust could lose money if a counterparty with which it trades becomes unwilling or unable to meet its obligations to the trust.
Shares can lose value rapidly, and typically involve higher risks than bonds or money market instruments. The value of your investment may fall as a result.
The return on your investment is directly related to the prevailing market price of the trust’s shares, which will trade at a varying discount (or premium) relative to the value of the underlying assets of the trust. As a result losses (or gains) may be higher or lower than those of the trust’s assets.
The trust may use gearing as part of its investment strategy. If the trust utilises its ability to gear, the profits and losses incured by the trust can be greater than those of a trust that does not use gearing.
All or part of the trust's management fee is taken from its capital. While this allows more income to be paid, it may also restrict capital growth or even result in capital erosion over time.
The Company confirms that it currently conducts its affairs so that its ordinary shares of 25p each can be recommended by IFAs to ordinary retail investors in accordance with the Financial Conduct Authority’s (FCA) rules in relation to non-mainstream investment products and intends to continue to do so for the foreseeable future.
The shares are excluded from the FCA’s restrictions which apply to non-mainstream investment products because they are shares in an investment trust.